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TUTOR PERINI CORP — Director's Dealing 2017
Mar 17, 2017
31352_dirs_2017-03-17_995af32c-a720-41cc-9149-8dfe18bb9364.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TUTOR PERINI Corp (TPC)
CIK: 0000077543
Period of Report: 2017-03-15
Reporting Person: Frost James A (Director, President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-15 | Common Stock | M | 94935 | — | Acquired | 534661 | Direct |
| 2017-03-15 | Common Stock | F | 39667 | $31.50 | Disposed | 494994 | Direct |
| 2017-03-15 | Common Stock | M | 93197 | — | Acquired | 588191 | Direct |
| 2017-03-15 | Common Stock | F | 38939 | $31.50 | Disposed | 549252 | Direct |
| 2017-03-17 | Common Stock | S | 110000 | $30.27 | Disposed | 439252 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-15 | Restricted Stock Units | $ | M | 94935 | Disposed | Common Stock (94935) | Direct | |
| 2017-03-15 | Restricted Stock Units | $ | D | 5065 | Disposed | Common Stock (5065) | Direct | |
| 2017-03-15 | Employee Stock Option (Right to Buy) | $28.17 | D | 5065 | Disposed | Common Stock (5065) | Direct | |
| 2017-03-15 | Restricted Stock Units | $ | M | 93197 | Disposed | Common Stock (93197) | Direct | |
| 2017-03-15 | Restricted Stock Units | $ | D | 6803 | Disposed | Common Stock (6803) | Direct | |
| 2017-03-15 | Employee Stock Option (Right to Buy) | $23.56 | D | 6803 | Disposed | Common Stock (6803) | Direct | |
| 2016-03-15 | Restricted Stock Units | $ | D | 100000 | Disposed | Common Stock (100000) | Direct | |
| 2016-03-15 | Employee Stock Option (Right to Buy) | $23.35 | D | 100000 | Disposed | Common Stock (100000) | Direct |
Footnotes
F1: The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis upon vesting.
F2: On March 30, 2014, the reporting person was granted 100,000 RSUs and 100,000 stock options (SOs) vesting on March 15, 2017, based on the achievement of a performance target for the three-year period ending December 31, 2016; approximately 95% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4.
F3: On March 28, 2016, the reporting person was granted 100,000 RSUs and 100,000 SOs vesting on March 15, 2017, based on the achievement of a performance target for the year ending December 31, 2016; approximately 93% of the award was earned. The RSUs and SOs were previously voluntarily reported on Form 4.
F4: On March 31, 2015, the reporting person was granted 100,000 RSUs and 100,000 SOs vesting on March 15, 2016, based on the achievement of a performance target for the year ending December 31, 2015; no portion of these awards was earned. The RSUs and SOs were previously voluntarily reported on Form 4.
F5: The price reported on Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.90 to $30.68, inclusive. The reporting person undertakes to provide to Tutor Perini Corporation, any security holder of Tutor Perini Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.